BNP Paribas Donates Funds Supporting Independent Nonprofit, The Forgotten International

Donation from Structured Notes Purchases to Support School, Orphanage and Medical Clinic in Peru

NEW YORK–(BUSINESS WIRE)–BNP Paribas, Europe’s leading financial institution, is pleased to announce today a $170k donation to The Forgotten International, an independent nonprofit developing programs to alleviate poverty, following a philanthropic campaign run by BNP Paribas’ Americas Structured Products Distribution Team throughout the last quarter of 2021.

The donations raised from the campaign will specifically benefit one of the nonprofit’s important projects at La Comunidad de Niños Sagrada Familia, a large school, orphanage, and medical clinic in Peru, housing over 1,000 children. The donation made by BNP Paribas constitutes a portion of the proceeds from all Structured Notes issued by the bank to clients in the Americas over the course of the last three months of the year. In total, the funds will provide roughly 250,000 meals for children at La Sagrada Familia.

Thomas Nazario, Founder of The Forgotten International, commented, “I sincerely thank BNP Paribas US and their clients for putting their time and energy into this campaign and, in turn, helping thousands of children who have so little. In 2022, these funds will provide for some 250,000 meals, improved educational opportunities, and real positive change in the lives of so many. That simply would not have happened but for the caring nature of this bank. Hopefully, all who participated in this effort appreciate the meaningful contribution they have made towards this year’s work at The Forgotten International.”

Gabriel Nguyen, BNP Paribas Head of Structured Products Sales & Distribution Americas, who was instrumental in the launch and execution of the campaign, said, “I am delighted by the success of this campaign that shows how our collaborative effort can yield a direct positive impact in projects we believe in.”

BNP Paribas has a long track record of commitment to its global community. The bank has worked closely with both The Forgotten International and the Sagrada Familia Orphanage and School for a number of years, and has seen employees travel to Peru to aid with on-the-ground efforts. Additionally, the firm’s Women in Global Markets Group organized a successful employee-led fundraising campaign to aid this project in 2019.

La Comunidad de Niños Sagrada Familia

Founded over 30 years ago in Ventanilla, Peru by Miguel Rodriguez, La Sagrada Familia has blossomed. Starting as a safe place for street children to sleep, La Sagrada Familia expanded, first becoming a large school, orphanage, and medical clinic, and then introducing vocational workshops for children who need to find jobs. Miguel came to this mission after experiencing a family tragedy and now puts his energy into providing love and care to all the children coming into this community. Alumni of Sagrada Familia are now working as successful teachers, lawyers, and other professionals. The orphanage now has over 1,000 children at the school.

The Forgotten International

The Forgotten International’s mission is to develop programs that alleviate poverty and the suffering associated with poverty both in the United States and worldwide, in particular, that experienced by women and children.

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About BNP Paribas

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. The Group has key positions in its three main fields of activity: Retail Banking for the Group’s retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval, Investment & Protection Services for savings, investment and protection solutions, and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated retail-banking model across several Mediterranean countries, Turkey, Eastern Europe as well as via a large network in the western part of the United States. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

About BNP Paribas in the USA

BNP Paribas has built a strong and diversified presence in the United States to support its client base. The bank employs close to 14,000 people and has had a presence in the USA since the late 1800s. Bank of the West serves over 2 million individuals and small & businesses through a network of around 600 branches and business centers. Large corporate and institutional clients are serviced by BNP Paribas’ Corporate & Institutional Banking franchise that has a presence in the main US cities, in addition to a global reach through a network of offices in EMEA and APAC. The bank also offers asset management services through BNP Paribas Asset Management as well as Real Estate and Fleet Services through partnerships.

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BNP Paribas
Claire Schiff

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